I have $50,000 to invest. What can I do, other than buy property or stocks?

$50,000 may not buy you a money-making property without a substantial mortgage, which limits your profits and increases your risk if the market drops.  Stocks also carry a lot of volatility, which could make you nervous.

If you don’t need the money right away, consider investing in coins, which have collectible value and smelt value based on the coins composition.  They will never be worth less than the value of the base metal.  For silver coins: U.S. Silver Coin Melt Value Calculator.

American Silver Eagle coin, available on Amazon and Ebay, or your local coin dealer.

Coins can also be a great hobby, and you can give them as gifts and pre-inheritance to your heirs.  You can also tell people that you are training to be a numismatist (coin collector).

The Morgan silver Dollar, the most collected US Coin. Available on Amazon,

Or on Ebay.

I used silver coins here as an example.  You can get gold coins as well.  with $50k you can get approx. 2000 1 ounce silver coins, or about 40 one ounce gold coins.  If you keep them at home, 2000 coins weigh a lot and are harder to steal;  you can also diversify more with 2000 coins vs. 40 coins.  in either case you may need a safe – I got mine on Amazon.

You can also display your coins, and take some pleasure in their acquisition.
A type of coin I enjoy collecting is the Silver Strike, a Casino $10 token that is highly collectible – and most casinos no longer distribute them.  I get them from casino’s I have visited in Las Vegas,  or on EBay.  Newer ones ar clad in silver; older ones have a silver center that is .999 silver, weighing approx. .6 troy ounces.  There are many available from casinos that have been demolished or bought out, making them even more valuable.  Here is the web site of the Silver Strikers Club – Home Page.

Sam’s Town .999 Silver Strike, Many collectors trade them on Ebay.

Aladdin Casino Silver Strike.  The Aladdin has closed, making this a nice piece  of “old” Vegas to have in your collection! (The Aladdin is now Planet Hollywood).  Aladdin Strikes on Ebay.

Coin Collecting supplies and Books on Amazon

Black Silver Strike Display Insert for 12 Silver Strikes Casino Coins (Not Included)

silver strike casino coins and display cases

(they tend to be heavy, so be careful when hanging them on the wall)

Best of Luck – These are just a few options for you – find something you enjoy and have fun with it!  Also post a comment letting us know what you did, and how it is working out! – Alan

The Last Word:

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Is there a special term for a blank coin, before the image is struck?

Definition: planchet is a prepared disc-shaped metal blank onto which the devices of a coin image are struck or pressed. The metal disc is called a blank until the time it passes through the upsetting machine which causes the rim to be raised. Once it has a rim, the disc is called a planchet.

The phases of a coins beginnings!

When referring to ancient coins, and coins which were made from cast metal discs rather than machined metal discs, the generally preferred term is flan.

 

There are really no hard and fast rules about the usage of these terms in ancient coin collecting, and you will sometimes hear ancient coin blanks referred to as “planchets”, even though they were made from cast metal.    In modern machine-made coinage, the distinction is very clear: the disk is a stamped metal “blank” before getting the rim, and a “planchet” afterwards. A coin that is ready to be stamped is a “Blank” or a “Slug” – From What is a Planchet? from About.com


When the coin is struck improperly, and gets into circulation – the resulting coin is usually prized by collectors as a Mint Error,  and may be very valuable.
Example of Mint error – US cent struck off-center.
whenever you empty your pockets, check your change – you never know what riches are passing through your pockets!
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The Last Word:

Vegas Baby! Silver strikes in the land of Bugsy and Elvis!

On my First trip to Las Vegas, Nevada (aka: the world’s playground, or Sin City), I stumbled upon a a Silver Strike slot machine:

Silver Strike Slot Machine!
Silver Strike Slot machines dispense a $10 casino token, which most winners save as a genuine collectible souvenir of their visit to Las Vegas (or any one of the casino’s that have a Silver Strike machine.  There is even a “Silver Strikers Club” with members devoted to the collecting of the strikes.  My first Silver strike was won at the Venetian (Machine since removed):
Every time I returned to Las Vegas, I went on a “Strike Run” to try and win more collectible coins. On this trip I won 11 coins and a Flattened penny from the container park.
All from the El Cortez and 4 Queens casinos!
Until the late 2000’s, they had a solid silver (.999 pure) center, and most recent ones have silver clad centers inside a brass ring.  The rising price of silver plus the cost of minting made the coins worth more than $10, and a losing proposition for the casino.  If the casino discontinued the coins, or was imploded (a popular way to raze a casino in Las Vegas), the silver Strikes become bona fide collectibles.  As of this writing, only the 4 Queens and the El Cortez casinos have silver strike slot machines.  (Tip – The machines get crowded on weekends and nights, try to get there in the off hours, when the casino’s are not crowded, like weekdays or mornings).
While you may not consider Casino tokens “pocket change”, they are prized for their collectible value, and make a nice addition to your coin collection.  They drop out of the machine encased in plastic, although not the best, and are ready for a cigar box or wall display.  Some of mine are in a display case in my man cave:
Silver Strikes at Grandpa’s fabulous man cave hotel and casino (sic).

Even if you went to Vegas specifically to try your hand at winning some silver strikes, Many gift shops and pawn shops have silver strikes for sale.  If you are unlucky at the machine, you can reduce your risk of not winning by buying vintage strikes.  I must confess that at least half of mine were bought on EBay, or from friends who won them in Vegas – and knew I would buy them from them!

When you find yourself in Vegas, Make sure you do things that are fun and don’t stay cooped up in a casino the entire time.  The Las Vegas landscape is changing, and becoming more focused on experiences, wine, restaurants, shows, and parks.

Here is a short list:

The First Friday Arts Festival, First Friday of the month in the Arts District.
The Container Park, on Freemont St.
Park on Freemont Gastropub (try to hangout in the back, it’s really nice)
The Mandalay Bay Casino has a glass enclosed 4 story wine cellar
The Excalibur Casino has free Craps lessons at noon (many casinos offer lessons, I had fun there!
NYNY casino has, among other things, a statue of Liberty made of Jellybeans.
The Flamingo Casino has a flamingo Habitat. it’s very cool.
Both the Bellagio and the Wynn Casino’s have amazing floral decorations.
The Venetian has a replica of the grand canal in Venice
There is a street between the Linq and Harrah’s that leads to the “High Roller”, and it is lined with bars, shops, and restaurants!
Not to mention the Stratosphere Casino Hotel, with their amazing tower over 1,000 feet above the desert floor.
Did you know there is a Las Vegas Speedway? And you can ride a NASCAR car there?
Not to mention the Hoover Dam, Red Rocks, and Helicoptering to the Grand Canyon.
…And there is more!  -When you go, find something unique and share – I will review it on my next trip!
Here are some pictures from my romp through Las Vegas:

Atomic Liquors on Freemont st., Longest continuously operating bar in Vegas!

Flamingos at the Habitat at (where else?) the Flamingo Hotel, Bugsy Siegel’s place.

Pool scene at the Flamingo, taken from the walkway to the Monorail.
The lake in front of the Bellagio hotel, where music and water shows happen all evening!
This heart is covered with lover’s locks, like the bridge in France.
An ominous sign at the Venetian…
Neon Cowboy on the strip near Freemont st.
 Carousel of flowers at the Wynn
Montgolfier Balloon in Flowers, also at the Wynn
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The Last Word:

 

 

If I created my own currency backed up by USD. If I use a substance like a plastic, or metal coin bought online, for transfers, is it illegal?

In the united States. “It Is Illegal to Make Coins that will Circulate as Money. Federal law prohibits people from making metal coins “intended for use as current money.” Creation of souvenir coins not intended to act as currency, however, is not illegal.” – Quote from Laws Related to the Issuance and Form of Currencies.

 Gold Elvis Commemoratives – EBay (Note Dollar values)

Bitcoin (cryptocurrency) can be made at home, is widely popular, electronically based, but must be subject to taxes, and not a physical coin.

FYI, you can buy or mint actual Gold or silver coins, and they would be worth the value of the base metal, which can be in USD. Note the Elvis coins above.

You can use your coins as a method of exchange, based on their bullion or collectible value.  Please make sure you work with a lawyer on your team to make sure you are not breaking the law, if you decide to make your own currency.  (Note: I am not an attorney, this is just what I got from the web – my opinion does not constitute legal advice).

Good luck in your quest!

Disclaimer: I own Gold and silver coins. If you liked this, take a look at my Blogs:


All rights reserved by Alan Chenkin & Primrose Path LLC.  Remember to give credit to the author and any cited works. Some links are promoted so the author can maintain his coffee habit. If you enjoyed this blog, please feel free to share .This Blog was Human-generated by the author, and not produced by a Russian blog Engine.  

The Last Word:

Copper is expensive, should I be saving my pennies?

The value of the penny is pinned as 1/100th of a US Dollar. The value of a dollar changes all the time, as does the value of the copper and zinc in a penny.

There have been proposals in congress to eliminate the penny:

“Two bills introduced in the US Congress would have ceased production of pennies, but neither bill was approved. Such a bill would leave the nickel, at five cents, as the lowest-value coin. On February 15, 2013, President Barack Obama stated his willingness to eliminate the penny.” – Penny debate in the United States – Wikipedia

As to why there is zinc in the Penny:

“The cent’s composition was changed in 1982 because the value of the copper in the coin started to rise above one cent. Some 1982 pennies used the 97.5% zinc composition, while others used the 95% copper composition.” – Penny (United States coin) – Wikipedia

What is the cent (Penny) worth?

“That made the value of copper in each penny worth about 1.4 cents. The meltdown value of a penny was 40% more than the face value. Copper moved to a higher price at the end of 2016 of around $2.70 per pound, making the value of copper in older pennies even higher.Aug 18, 2017″ – As Price of Metal Has Risen, Copper Penny Is Worth More Than One Cent – from the Balance.

Do people hoard pennies?

“Over the last few years, the market for copper has skyrocketed. Just last January, the market peaked at $3.649 per pound. At 146 pennies to a pound, a single penny’s copper has a value of about 2.5 cents.
That’s not a bad deal! Get a penny for 1 cent and sell the copper for 2.5 cents? How often do you find an intentionally undervalued investment that is easily purchased?
If you think that making money on your pennies is too good to be true, there is a catch. It’s illegal to melt down currency and sell as scrap. Also, there is no crossing the border with your penny bags either. It’s illegal to leave the country with more than $5 in pennies. Most penny hoarders are stockpiling their currency in the hopes that the law will change and allow them to finally cash in on their stockpiles.” – Why Some Americans Are Hoarding Their Pennies…. (Literally)

Now that you have my 2 cents, enjoy your pennies (especially the ones minted before 1982). You can purchase bulk pennies on Amazon and Ebay.

Lucky Penny PendantDouble Keychain Set 2017 US One Cent Penny Keychains with Heart Around Year; 1 Year Anniversary Gift, Couples KeychainNovelty Silver Toned Washington D.C. Lucky Penny Spinning Centre Key Chain, Washington D.C. Souvenirs

Disclaimer: I own pennies (not a lot), some silver and gold coins, and don’t hoard pennies because they weigh so darn much!

Thank you Wikipedia and The Penny Hoarder for your research, quoted above.

All rights reserved by Alan Chenkin & Primrose Path LLC.  Remember to give credit to the author and any cited works. Links may be sponsored, and relevant to the blog topic. If you enjoyed this blog, please feel free to share and send some bitcoin in appreciation to my Bitcoin Address:
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If you need a Bitcoin wallet, try Coinbase.


What are these silver coins? I tested them with the ice and sound tests, and they appear to be silver.

Alan Chenkin, Amateur coin collector and hobbyist

Coin in question:


Based on a quick look, that appears to be a token for a Japanese skill-stop slot machine. They are usually a stainless steel alloy. Here are some from a google search:

This is a Pachislo skill stop slot machine:
The tokens are “approximately” the size of a US quarter. These tokens are not rare, but specific ones may be hard to locate. They also work in some gaming machines at Chuck E Cheese[1] , and some arcades[2].

Thanks for reading my Blog! Feel free to reblog or share!
Footnotes
Edited from my Quora answer.
All rights reserved by Alan Chenkin & Primrose Path LLC.  Remember to give credit to the author and any cited works. If you enjoyed this blog, please feel free to share and send some bitcoin in appreciation to my Bitcoin Address:
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If you need a Bitcoin wallet, try Coinbase.

Welcome to Pocket Change Riches

By Alan Chenkin, who jingles his coins…

With Credit cards and smart phone payments we hardly need to carry cash anymore!  While it makes me a bit of a throwback, I will miss the bulge and jingle of change in my pocket.  For example, slot machines use paper money, credit cards, and paper slips for winnings when you cash out.  They used to have big trays to catch the players winnings, and the noise of all the coins dropping was like a siren call to all the nearby gamblers.  Casinos used to distribute sealed towelettes to slot machine players because of the dirt that would accumulate on their hands from handling coins while playing.  And kept coin cups nearby to hold the winnings of the lucky players!


In my man cave, I have always been in the habit of throwing my loose change in a cup on my dresser every evening.  every so often I will sort it out, and hunt for coins of value;  old silver coins – the odd foreign penny or farthing; sometimes a Euro – so I can celebrate my “find” and put them aside.  For the older silver and well preserved coins I have “Coin Flips”, for keeping the coins clean after I wipe them with a cotton sock, er, “coin cleaning rag”.

Coin Flip Assortment - Cardboard 2x2 Holders - 25 each of 6 Sizes
Collecting coins is almost a passive hobby in this way – seeking finds in pocket change (ergo “Pocket Change Riches”) and finding fun collectible coins in stores, on EBay, or yard sales.  We all have need for money, and what painless way to accumulate coins and potential wealth, just by emptying your pockets!

I hope you will join me in this journey of coin collecting and enjoyment as I answer questions from my readers and post them.  feel free to comment or share, and I will respond to any requests or queries to the best of my ability.

 Welcome and thanks for reading my blog!
All rights reserved by Alan Chenkin & Primrose Path LLC.  Remember to give credit to the author and any cited works. If you enjoyed this blog, please feel free to share and send some bitcoin in appreciation to my Bitcoin Address:
15EzAW7wfyqHD8pj6hS1dUCaLeLxW8uMbn
If you need a Bitcoin wallet, try Coinbase.


How much are US wheat pennies (Lincoln cents) worth?

Wheat pennies are fun to find in your pocket change
Image result for value of wheat pennies
These websites will guide you to the specific values of different years and grades of wheat pennies:


Lincoln Pennies (1909-1958) – JM Bullion
Wheat Pennies (1909 to 1956) Values – Cointrackers
Find Out How Much Is Your Lincoln Wheat Penny Worth? – The Spruce

If you sort your coins, you can collect pennies in many forms:

Lincoln Wheatback Cents Album, 1909-1958 P, D & S (Cornerstone Coin Albums)1c Lincoln Wheat Cent Penny Album/Book/Kit & 200 Random Coins Included #53303^
BCW Peel-N-Seal Self-Adhesive 2x2 Coin Flips for Pennies 100ctLincoln Wheat Penny Starter Album Collection Kit; Great for Beginner Collectors
Wheat pennies, because of their minted volumes, are easy to collect and fun.  Kids like them, because they can understand the value of a penny.  
 

You can even buy Wheat Pennies on-line if you don’t have any, or need specific years:

coin collecting does not have to be fancy.  A cardboard box or a cigar box, a magnifying glass, and an old sock (to wipe any fingerprint oil or dirt off the coins) is almost all you need.  You can almost feel history when you hold a 100 year old coin in your hands!
Coin Collecting - Newbie Guide To Coin Collecting: The ABC's Of Collecting - Including Gold, Silver and Rare Coins: What Every Investor Must Know
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How can a currency become worthless?

Most currencies are Fiat Money, not backed by a commodity (like Gold and Silver) but backed by the government that printed it.
Fiat money is a currency without intrinsic value established as money, often by government regulation. It has an assigned value only because the government uses its power to enforce the value of a fiat currency or because the exchanging parties agree to its value.
It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metalsuch as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity). Representative money is similar to fiat money, but it represents a claim on a commodity (which can be redeemed to a greater or lesser extent). From Wikipedia

If the government behind the Fiat currency becomes insolvent, or acquires extensive debt, their currency may be devalued (relative to other Fiat currencies), their ability to borrow money will be affected (lenders will demand higher interest rates because of the risk), and prices will climb as the currency loses value. At present, Venezuela, Argentina, Zimbabwe, and other countries are suffering due to the inflation they are experiencing. Venezuela is even considering making their own cryptocurrency, the “Petro”, as a solution to their problems.
Some related websites:
What would you do if your money became worthless? – Prosperous Way Down website
A worthless currency – The Economist (Article on Zimbabwe)
11 Times Currency Was Rendered Almost Worthless (and Why) – Ranker
What Happens When Your Money Is Suddenly Worthless? – Cracked (article on India)

The Greek Crisis Explained – (Infographic) – from Gainesville coins

Many people invest in Gold and Silver as a “Hedge” against devaluation. This can be done with collectable coins and jewelry, or bullion.

Here’s hoping your value is strong!

How is the value of bullion coins determined?

Bullion coins have, at their base, the smelt value of their base metal (e.g. Gold, silver, etc.).


Smelt values for US coins can be found here: U.S. Silver Coin Melt Value Calculator – Coinflation

Bullion prices are supply and demand, based on market forces.

Bullion Values – Bullion Values website

Many coins are considered “Culls” or rejects because of circulation marks and wear. These can usually be bought at near melt value because they have diminished value as a collectible coin.

Coin Speak: 10 Coin Terms You Need To Know (And They’ll Help You Sound Like A Real Numismatist!) | The U.S. Coin Guide

How To Invest In Gold And Silver: Buy Gold And Silver Bullion The Easy And Safe Way

The Gold Book: What’s It Worth? A Guide to Commonly Traded Gold Bullion Coins, Bars and Karat Gold Jewelry

Good luck with your bullion – know your values!